Any society that allows the ultra wealthy, to gain more wealth,...

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BenGrahamReborn

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30/06/20

22:18

Post #: 45551477
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Originally posted by sharps2r800: ↑

Bezos and other billionaires are an ungrateful lot. They are making out like bandits and have so much to thank Trump for.

“The top five US billionaires—Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison—saw their wealth grow by a total of $75.5 billion, or 19 percent,” the report states. “Together they captured 21 percent of the total wealth growth of all 600-plus billionaires in the last two months. The fortunes of [Amazon CEO] Bezos and [Facebook CEO] Zuckerberg together grew by nearly $60 billion, or 14 percent of the $434 billion total.”
This rise has been fueled by the implementation of unlimited “quantitative easing” by the Federal Reserve, which is pumping $80 billion a day into the stock market, and by the $2.2 trillion CARES Act bailout passed unanimously by the Democrats and Republicans in Congress. The Fed now holds $7 trillion in assets on its balance sheet and the stock market has almost returned to pre-pandemic levels.https://www.wsws.org/en/articles/2020/05/23/pers-m23.html

Bezos and other billionaires should be so grateful that Trump has opened up quickly so they can resume their profitmaking. Also great that Trump has shielded the giant corporations from any legal action by workers who become sick from coronavirus in the workplace.

Trump is the best President the billionaires ever had. Just like Trump they have never been so rich !

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Any society that allows the ultra wealthy, to gain more wealth, prospers. This tells you about the human condition.
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